Be In The Know:
We all enjoy when things go our way. When the offer we make is accepted or when our buyer pays full price for our home we put on the market, life is marvelous. However life does not always operate like that. There are market conditions to which we are all subject. Though we cannot always tell the end from the beginning, we can do our due diligence to mitigate any losses and to celebrate any successes. This means that we must know what type of market we are in.
It is always a good time for someone in real estate. Is it a seller’s market? Is it a buyer’s market? Be In The Know. If it is what is commonly known as a seller’s market, then note well, as a buyer one ought to ensure one puts in an offer at the price the seller desires. Do not low ball the seller in any way at all. This will determine whether your offer and your relationship with the seller is in jeopardy or not. In a seller’s market, there are a number of offers for each property. Be wise. Be competitive so as to benefit the seller. Be In The Know.
If on the other hand, it is a buyer’s market, then you can negotiate pricing. When there are a number of properties for sale and very few purchasers, the law of economics prevails. The buyer will definitely be more inclined to make offers that benefit themselves and receive concessions and even lower price negotiations.
In either case, it is best that you receive advice from a Realtor/Real Estate Agent. We know our local markets inside and out. We have the skills, education and drive to keep your best interests at heart. Remember, with a Realtor/Real Estate Agent such as myself, guiding you in your real estate journey; you will Be In The Know.
Arlette L.M. Jeet-Falone M.B.A.
Licensed in Virginia.
Direct: (571) 207-9234
Direct: (757) 343-9797
Office: (571) 386-1075